Markets
U.S. soybean futures fell to one-week lows on Thursday as weak domestic cash markets, poor weekly export sales and worries about the size of U.S. biofuel mandates raised fears about demand for the oilseed, brokers said.
Markets
U.S. grains: Soybeans hit 1-wk low on demand worries; wheat sags, corn firms
Canadian Financial Close: C$ up Thursday
Glacier FarmMedia — The Canadian dollar was stronger on Thursday, as growing optimism over a possible trade deal between Canada and the United States ahead of next week’s G7 meeting provided support. The Canadian dollar settled at US$0.7346 or US$1=C$1.3612, which was compares with Wednesday’s close of US$0.7318 or US$1=C$1.3665. Crude oil posted small gains, […] Read more
U.S. livestock: Cattle mostly lower; hogs mostly up
Most Chicago cattle futures slipped back on Thursday while most hog futures made slight gains.
North American Grain/Oilseed Review: Canola rises, grains mixed after USDA report
WINNIPEG -– Canola futures on the Intercontinental Exchange broke through their resistance levels on Thursday despite weakness in vegetable oils and a stronger Canadian dollar. The United States Department of Agriculture released its monthly oilseed report earlier today which raised exports and trimmed ending stocks for old and new crop Canadian canola. An announcement from […] Read more
Feed grain weekly: Larger world barley crop expected in 2025/26
USDA predicts 2.5 million-tonne increase on year
Global barley production in 2025/26 is forecast to increase by 2.5 million tonnes in 2025/26, with larger crops in the European Union and Russia more than countering smaller crops elsewhere, according to the latest estimates from the United States Department of Agriculture.
USDA makes small cuts to corn, wheat ending stocks
Few changes the central theme in June report
The June supply/demand report from the United States Department of Agriculture contained very few changes from May. The USDA issued its World Agricultural Supply and Demand Estimates on June 12, showing some declines for U.S. corn and wheat ending stocks, while those for soybeans were unchanged.
ICE Midday: July, new crop canola above C$700/tonne
Glacier FarmMedia | MarketsFarm – The July canola contract on the Intercontinental Exchange showed strength in the middle of Thursday trading, breaking through recent resistance levels. An analyst said despite the gains, wet weather in Alberta this weekend could pressure prices. However, long-term forecasts predict dryness on the Prairies this summer. The United States Department […] Read more
Canadian dollar and business outlook
Glacier FarmMedia — The Canadian dollar was stronger Thursday morning, although escalating tensions in the Middle East kept some caution in global financial markets. At 8:59 a.m. CDT the Canadian dollar was trading at US$0.7340 or US$1=C$1.3624 which compares with Wednesday’s close of US$0.7318 or US$1=C$1.3665 The ratio of household debt to disposable income in […] Read more
Global Markets: USDA to release supply/demand estimates
Glacier FarmMedia | MarketsFarm – The following is a glance at the news moving markets in Canada and globally. – The United States Department of Agriculture will release its June supply/demand estimates later today. Trade estimates show that ending stocks for both old and new crop U.S. corn are expected to be trimmed, while soybeans […] Read more
ICE Canada Morning Comment: Canola, soy on the rise ahead of S/D report
Pressure from other comparable oils
By Glen Hallick Glacier Farm Media | MarketsFarm – Intercontinental Exchange canola futures were higher on Thursday morning, getting spillover from gains in the Chicago soy complex. The increases in canola were tempered by declines in European rapeseed, while Malaysian palm oil was relatively steady. Crude oil was pulling back and putting pressure on the […] Read more
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